Such is the great law of Capital and Labour in what concerns the distribution of the product of their joint agency. Each of them has a greater and greater absolute share, but the proportional share of the capitalist is continually diminished as compared with that of the labourers.
Cease, then, capitalists and workmen, to regard each other with an eye of envy and distrust. Shut your ears against those absurd declamations which proceed from ignorance and presumption, which, under pretence of insuring future prosperity, blow the flame of present discord. Be assured that your interests are one and identical; that they are indisputably knit together; that they tend together towards the realization of the public good; that the toils of the present generation mingle with the labours of generations which are past; that all who co-operate in the work of production receive their share of the produce; and that the most ingenious and most equitable distribution is effected among you by the wise laws of Providence, and under the empire of freedom, independently altogether of a parasite sentimentalism, which would impose upon you its decrees at the expense of your well-being, your liberty, your security, and your self-respect.
Capital has its root in these attributes of man—Foresight, Intelligence, and Frugality. To set about the creation of capital we must look forward to the future, and sacrifice the present to it—we must exercise a noble empire over ourselves and over our appetites; we must resist the seduction of present enjoyments, the impulses of vanity and the caprices of fashion and of public opinion, always so indulgent to the thoughtless and the prodigal. We must study cause and effect, in order to discover by what processes, by what instruments, nature can be made to co-operate in the work of production. We must be animated by love for our families, and not grudge present sacrifices for the sake of those who are dear to us, and who will reap the fruits after we ourselves have disappeared from the scene. To create capital is to prepare food, clothing, shelter, leisure, instruction, independence, dignity, for future generations. Nothing of all this can be effected without bringing into play motives which are eminently social, and, what is more, converting these virtues into habits.
And yet it is very usual to attribute to capital a sort of fatal efficacy, the effect of which is to introduce egotism, austerity, Machiavelism, into the hearts of those who aspire to possess it. But let us not be misunderstood. There are countries where [p216] labour is of little value, and the little that is earned is shared by the government. In order to snatch from you the fruit of your toil, what is called the State surrounds you with a multitude of trammels. It interferes with all your actions, and mixes itself up in all your concerns. It domineers over your mind and your faith. It disarranges all interests, and places them in an artificial and precarious position. It enervates individual energy and activity, by usurping the direction of all affairs. It makes the responsibility of actions fall upon people with whom it amounts to nothing, so that by degrees all notions of what is just or unjust are effaced. By its diplomacy it embroils the nation in quarrels with all the world, and then the army and navy are brought into play. It warps the popular mind as much as it can upon all economical questions; for it is necessary to make the masses believe that its foolish expenditure, its unjust aggressions, its conquests, its colonies, are for them a source of riches. In such countries it is difficult to create capital by natural means. The great object is to purloin it by force or by fraud from those who have created it. We there see men enriching themselves by war, by places at court, by gambling, by purveying, by stockjobbing, by commercial frauds, by hazardous enterprises, by public contracts, etc. The qualities requisite for thus snatching capital from the hands of those who create it are precisely the opposite of those necessary for its formation. It cannot surprise us, then, that in countries so situated an association is established between these two ideas—capital and egotism; and this association becomes ineradicable when all the moral ideas of the country exhaust themselves on ancient and mediæval history.
But when we turn our regards, not to this abstraction and abuse of capital, but to its creation by intelligence and activity, foresight and frugality, it is impossible not to perceive that a moral and social virtue is attached to its acquisition.
Nor is there less moral and social virtue in the action of capital than in its formation. Its peculiar effect is to procure us the co-operation of nature, to set us free from all that is most material, muscular, brutal, in the work of production; to render the intelligent principle more and more predominant; to enlarge the domain, I do not say of idleness, but of leisure; to render less imperious the physical wants of our nature, by rendering their satisfaction more easy, and to substitute for them wants and enjoyments of a nature more elevated, more delicate, more refined, more artistic, more spiritual.
Thus, in whatever point of view we place ourselves, whether [p217] we regard Capital in connexion with our wants, which it ennobles; with our efforts, which it facilitates; with our enjoyments, which it purifies; with nature, which it enlists in our service; with morality, which it converts into habit; with sociability, which it develops; with equality, which it promotes; with freedom, in which it lives; with equity, which it realizes by methods the most ingenious—everywhere, always, provided that it is created and acts in the regular order of things, and is not diverted from its natural uses, we recognise in Capital what forms the indubitable note and stamp of all great providential laws,—Harmony. [p218]